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The amount of the payment from the seller of protection to the buyer of protection on a CDS following a credit event is determined in

The amount of the payment from the seller of protection to the buyer of protection on a CDS following a credit event is determined in which of the following ways:

(a) The credit default swap payments are determined by the reference entity. (b) A negotiation between the buyer and seller of protection on the CDS. (c) A credit default swap auction to determine the value of the reference entitys debt.

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